Second half boost for Avon Rubber
Avon Rubber, a provider of respiratory protection to military and industrial markets, said full year results are expected to be in line with current market expectations after a strong second half performance.
Avon Rubber, a provider of respiratory protection to military and industrial markets, said full year results are expected to be in line with current market expectations after a strong second half performance.
The group, which makes high tech rubber-based products for a number of manufacturing sectors, said trading in the second half of the financial year was, as expected, stronger than in the first half as both of its divisions made progress.
"We enter the new financial year with a strong order book in Protection & Defence, while in our Dairy business innovative new products and expanding global reach continue to deliver gains in market share," it said in a statement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Peter Slabbert added: "We continue to invest in innovative new products in both Protection & Defence and Dairy and believe that these industry leading technologies will deliver revenue growth and higher margins in the future."
"The uncertain economic climate will present challenges in the coming year but I am confident that both sides of Avon's business are well positioned to make further progress in 2013."
Net debt at the year-end was £8.7m.
CJ
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published